HAWEL · As filed with the SEC
Hawaiian Electric income statement, by fiscal year
The statement as Hawaiian Electric presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Income · USD thousands, except per-share amounts; shares in thousands
| USD thousands, except per-share amounts; shares in thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Revenues | ||||
| Total revenues | 3,086,896 | 3,219,850 | 3,682,166 | 3,741,985 |
| Operating Segments - Electric utility | — | 3,206,700 | — | — |
| Other | — | 13,150 | — | — |
| Electric utility | 3,071,182 | — | 3,269,521 | 3,408,587 |
| Bank | — | — | 394,663 | 321,068 |
| Other | 15,714 | — | 17,982 | 12,330 |
| Expenses | ||||
| Total expenses | 2,851,574 | 4,926,610 | 3,329,562 | 3,360,912 |
| Operating Segments - Electric utility | — | 4,818,558 | — | — |
| Other | — | 108,052 | — | — |
| Electric utility | 2,791,396 | — | 2,967,363 | 3,109,396 |
| Bank | — | — | 317,051 | 219,550 |
| Other | 60,178 | — | 45,148 | 31,966 |
| Operating income (loss) | ||||
| Operating income (loss) | 235,322 | (1,706,760) | 352,604 | 381,073 |
| Operating Segments - Electric utility | — | (1,611,858) | — | — |
| Other | — | (94,902) | — | — |
| Electric utility | 279,786 | — | 302,158 | 299,191 |
| Bank | — | — | 77,612 | 101,518 |
| Other | (44,464) | — | (27,166) | (19,636) |
| Retirement defined benefits credit—other than service costs | 3,482 | 3,754 | 4,768 | 4,411 |
| Interest expense, net – other than on deposit liabilities and other bank borrowings | — | — | (125,532) | (103,402) |
| Interest expense, net | (117,334) | (127,207) | — | — |
| Operating Segments - Electric utility | — | (82,082) | — | — |
| Other | — | (45,125) | — | — |
| Allowance for borrowed funds used during construction | 5,893 | 5,470 | 5,201 | 3,416 |
| Allowance for equity funds used during construction | 15,013 | 13,786 | 15,164 | 10,574 |
| Interest income | 36,929 | 19,362 | 9,105 | — |
| Electric utility | — | — | 6,454 | — |
| Bank | — | — | 0 | — |
| Other | — | — | 2,651 | — |
| Operating Segments - Electric utility | — | 6,633 | — | — |
| Other | — | 12,729 | — | — |
| Gain (loss) on sales of equity-method investments | — | 0 | (15,609) | 8,123 |
| Loss on sales of subsidiaries and equity-method investments and impairment loss on assets sold and held for sale | (12,376) | — | — | — |
| Income (loss) from continuing operations before income taxes | 166,929 | (1,791,595) | 245,701 | 304,195 |
| Electric utility | — | — | 247,140 | 240,600 |
| Bank | — | — | 63,401 | 102,241 |
| Other | — | — | (64,840) | (38,646) |
| Operating Segments - Electric utility | — | (1,663,914) | — | — |
| Other | — | (127,681) | — | — |
| Income tax expense (benefit) | 40,648 | (470,962) | 44,573 | 61,167 |
| Electric utility | — | — | 51,193 | 49,676 |
| Bank | — | — | 10,039 | 22,252 |
| Other | — | — | (16,659) | (10,761) |
| Net income | — | — | 201,128 | 243,028 |
| Electric utility | — | — | 195,947 | 190,924 |
| Bank | — | — | 53,362 | 79,989 |
| Other | — | — | (48,181) | (27,885) |
| Operating Segments - Electric utility | — | (439,547) | — | — |
| Other | — | (31,415) | — | — |
| Income (loss) from continuing operations | 126,281 | (1,320,633) | — | — |
| Operating Segments - Electric utility | — | (1,224,367) | — | — |
| Other | — | (96,266) | — | — |
| Dividends on and loss on redemption of preferred stock of Hawaiian Electric | 3,161 | 1,890 | 1,890 | 1,890 |
| Electric utility | — | — | 1,995 | 1,995 |
| Bank | — | — | 0 | 0 |
| Other | — | — | (105) | (105) |
| Operating Segments - Electric utility | — | 1,995 | — | — |
| Other | — | (105) | — | — |
| Income (loss) from continuing operations for common stock | 123,120 | (1,322,523) | — | — |
| Operating Segments - Electric utility | — | (1,226,362) | — | — |
| Other | — | (96,161) | — | — |
| Income (loss) from discontinued operations | 0 | (103,486) | — | — |
| Net income (loss) for common stock | 123,120 | (1,426,009) | 199,238 | 241,138 |
| Electric utility | — | — | 193,952 | 188,929 |
| Bank | — | — | 53,362 | 79,989 |
| Other | — | — | (48,076) | (27,780) |
| Continuing operations - Basic earnings (loss) per common share (in dollars per share) | 0.71 | (10.42) | — | — |
| Discontinued operations - Basic earnings (loss) per common share (in dollars per share) | 0.00 | (0.81) | — | — |
| Basic earnings (loss) per common share (in dollars per share) | 0.71 | (11.23) | 1.82 | 2.20 |
| Continuing operations - Diluted earnings (loss) per common share (in dollars per share) | 0.71 | (10.42) | — | — |
| Discontinued operations - Diluted earnings (loss) per common share (in dollars per share) | 0.00 | (0.81) | — | — |
| Diluted earnings (loss) per common share (in dollars per share) | 0.71 | (11.23) | 1.81 | 2.20 |
| Weighted-average number of common shares outstanding (in shares) | 172,553 | 126,927 | 109,739 | 109,434 |
| Net effect of potentially dilutive shares (share-based compensation programs) (in shares) | 464 | 0 | 299 | 344 |
| Weighted-average shares assuming dilution (in shares) | 173,017 | 126,927 | 110,038 | 109,778 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.